Which has the lower trailing P/E, MELI or PDD?

PDD has the lower trailing P/E: MELI trades at 49.54 and PDD at 9.92. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MELI or PDD?

Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus PDD at 40.98%.

Is MELI or PDD more profitable?

PDD runs the higher net margin — MELI at 5.30% versus PDD at 21.53%.

How have MELI and PDD total returns compared?

Over the past 5 years, MELI delivered 26.58% and PDD delivered -0.21% annualized total return. Past performance doesn't predict future results.

MercadoLibre, Inc. (MELI) vs PDD Holdings Inc. (PDD)

A side-by-side comparison of MercadoLibre, Inc. and PDD Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 10, 2026. Differences are shown without an overall score or investment verdict.

MELI

MercadoLibre, Inc.

$92.30B

$1,820.69Consumer CyclicalDelayed quote: Aug 7, 2026, 4:00 PM EDT

PDD

PDD Holdings Inc.

$130.61B

$91.76Consumer CyclicalDelayed quote: Aug 7, 2026, 4:00 PM EDT

Total return — MELI vs PDD

growth of $100 · dividends reinvested · last 8y

MELI +387.5% (+21.9%/yr)PDD +243.7% (+16.7%/yr)MELI compounded faster over this window

MELI PDD

MELI vs PDD: by the numbers

•PDD is the larger company ($130.61B vs $92.30B market cap).
•PDD trades at the lower trailing earnings multiple (9.92 vs 49.54 P/E), one valuation lens rather than an overall verdict.
•PDD converts more revenue to profit (21.53% vs 5.30% net margin).
•MELI grew revenue faster over the past five years (44.82% vs 40.98% CAGR).

Metrics side by side

Valuation

Metric	MELI	PDD
P/E ratio	49.54	9.92
Forward P/E	47.32	N/A
P/S ratio	2.62	2.16
P/B ratio	11.78	2.22
EV / EBITDA	20.06	7.74
FCF yield	14.06%	11.24%

Profitability

Metric	MELI	PDD
Gross margin	42.68%	55.98%
Operating margin	8.26%	22.17%
Net margin	5.30%	21.53%
ROE	23.78%	22.09%
ROIC	11.78%	18.11%

Growth (annualized)

Metric	MELI	PDD
Revenue CAGR (5Y)	44.82%	40.98%
FCF CAGR (5Y)	131.31%	32.63%
Total return CAGR (5Y)	0.72%	-0.21%

Frequently asked

Which has the lower trailing P/E, MELI or PDD?: PDD has the lower trailing P/E: MELI trades at 49.54 and PDD at 9.92. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MELI or PDD?: Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus PDD at 40.98%.
Is MELI or PDD more profitable?: PDD runs the higher net margin — MELI at 5.30% versus PDD at 21.53%.
How have MELI and PDD total returns compared?: Over the past 5 years, MELI delivered 26.58% and PDD delivered -0.21% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MELI analysis Full PDD analysis Interactive comparison tool

Dig into the metrics

MercadoLibre P/E ratio PDD P/E ratio MercadoLibre ROE PDD ROE MercadoLibre operating margin PDD operating margin MercadoLibre revenue growth PDD revenue growth MercadoLibre free cash flow PDD free cash flow

MercadoLibre & PDD appear in these rankings

Fastest Revenue Growth Stocks Highest ROIC Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 10, 2026.